St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-23
YESTERDAYS MARKET.
On the Chicago Board of Trade There
Was Light Dealing in Wheat With
Lower Prices,
Which, However, Recovered in the After.
noon, and Closed at Frac-
tional Advance.
The Receipts of Grain In General
Continue Up to the
Usual Average.
Transactions in the Financial Circles
of Wall Street--General
Quotations.
Special to the Globe.

Specidl W tllo NiOoC.
CHICAGO, March 22.-whsat did not vary
above "a cent bushel during the whole of
the regular session. 1t sold as low as S01ac
for May on sudden little squirt of selling by
Lester & Co., but there appeared to be plenty
buyers at this figure, and it went back at once
to sic. At l o'clock it closed at S034c. The
dullness of the market is firing out the out
siders The ordinary speculator does not
want to wait long for profit, and the holder
of wheat has now waited several weeks. The
predictions srom New York are that the clear
ance tins week will not be large, and the fig
ureS so far go a long way toward bearing this
out There were only Al, 500 bushels OF wheat
cleared from New York to-day; but 1t Is one
of the remarkable facts that almost invariably,
when the New York clearances drop down to
q low figure Philadelphia and Baltimore get
out good deal, and this WAS the case to-day.
Still much longer prolongation of this
SPECULATIVE DULLNEsS.
will to certainty start selling. Inactivity
here is invariably associated in the specu-
lative mind with weakness. There will have
to come very soon raid or an advance. The
guessing now is about even. Tired OF wait
ing for wheat to move up or down, board OF
trade operators diverted themselves with the
other pets. The prediction made Yesterday
that the markets were on the eve OF another
period Of activity was verified in ribs, lard
and corn. The May option OF short ribs
which Yesterday forenoon was down to SI.5i q
with everybody anxious TO sell, was up to-day
at SIS. 10, and with the price going up so fast
that the tailers tried, but did not catch on.
The bailing out process was over. Armour
had gotten the ribs again, the whole crowd
could see. and as consequence the price
was to sail away again. In laro there was
not as much activity, but an advance OF 111ac
per 100 pounds means profit or loss OF
nearly CSC Il terce. That is just the differ
vaStar6aV morning 10 the ODeQinp
this morning. And in the corn pit, too,
the receipts of only $50 cars, where nearly
700 had been predicted, sent the price up 12c
within very few moments. Wheat alone
was neglected. 1t opened at SO$4c, and was
not much traded in. The whole East was cut
of because of Geographic blockade, and
that has always depressing influence. The
cliqne houses were not moving.
THE ROUTINE REPORT.
CHICAGO. March 22.-TradIng was slow in
wheat and prices averaged lower, though a
rally in prices occurred during the afternoon
and the closing prices of the day were shade
higher than those of yesterday. The marker
opened &c lower at S015c for May delivery.
declined to S015c under moderate offerings,
but good buying caused an advance to sic,
followed by another decline to S0$4c. In the
afternoon the feeling became stronger Oh
reported good export demand and the price Of
May rose to S1$sc, reacted and closed for the
day at S11s@S1Ac. The receipts continue up
TO the usual average. The interruption of
telegraph communication served to check
trading. The receipts of corn were smaller
than expected, and this fact developed
a stronger feeling in the trade. The
market opened at yesterdays closing figures,
advanced IS and closed at nearly outside fig
urSes. Oats ruled very quiet without any
appreciate change in prices. Mess pork
was marked up peg for settlements Of out
standing, but there was no noticeable trading.
Iafr ,lo, nrl. is tn1 n q
old winter packed at Sl40l4.50 and new sum-
mer packed at Sl7@17.50. Lard advanced ~
@l0c per 100 lbs. under good demand from
shorts and closed steady. Short ribs were
in good demand, with shorts anxious to
purchase. The market opened zoe per 100
lbs higher, advanced 10@1215c additional, re-
ceded and closed at opening figures.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, March, opened at 753sc, closing
at 7554@757sc; May. SU34c, closing at S11s@
size; June, SO14c, closing at SO54c; July, sO1sc.
closing at sOAc. Corn-No; 2, March,
341sc, closing at 3414c; May, SOC, closing at
3919c; June, 4O1sc, closing at 40as@407%c:
July. 4111ac, closing at 411a@415sc. Oats-No.
2, March, 24c, closing at 24c; May, 2eIsc,
closing at 285sc; June, 2S7sc, closing at 2s7sc.
Mess pork, per barrel-March, $40 so, closing
at s2O.6O; May. 81, closing at SCI; June,
SCI. closing at S21. Lard, per 100 pounds
March, S7.35, closing at ST.37h: May,
s7.45 closing at $7.471%; June, S7.55, clos
ing at S7.55. Short ribs per 100 pounds
March, 81. 95 closing at S7.95; May, $S071a clos
ing at SS.O719; June $S.123a, closing at SS.121@.
Cash quotations were as follows: Flour, dull
and unchanged. Wheat-No. 2 spring, 1890
1880; Nos spring, nominal; No.2 red, nominal.
Corn-No. 2, 34$4@37c. Oats-No. 2. 24@
243@c. Rye-No. 2, 541ac. Barley-No.2, SOC.
Flax seed, No. l, $1.0S. Timothy seed, prime,
$1.T9@1.SO. Mess pork, per Dbl, $20.60.
Lard, per 100 lbs, S7.371a. Short ribs, sides,
loose, S7.95; dry sailed shoulders, boxed,
$606.25; short clear sides, boxed, SS.20@S.25.
Whisky, dlstillers' finished goods, per gal,
Sis Receipts-Flour, $4,000 bbls; wheat,
$4,000 bu; corn, 24S,00C blu; oats, 1900 bu;
rye, 5000 blu; barley, $4,000 bu. Shipments
Flour, $4,000 bbls; wheat, 41,0OO bu; corn,
$4,000 bu: oats. ISL, 600 bu: rye, 1000 blu;
barley, 1000 blu. On the produce exchange
to-day the butter market was easy; cream
cry, 249301ac per ID; dairy. 1614@24c Eggs,
lI150I2c per doZ.